Daily Archives: January 28, 2017

French luxury goods maker Louis Vuitton Moët Hennessy (LVMH) said on Thursday that revenue for the full-year ending 31 December 2016 grew 5% to €37.6bn, with the fourth quarter posting a 9% growth. Profit from recurring operations for the group reached €7 billion in 2016, an increase of 6%.

The company which makes high-end fashion & leather goods, perfumes & cosmetics, wines & spirits, and watches & jewelry said that the wines and spirits division – Moët Hennessy added €4.8bn ($5.1bn) to group sales, a 5% growth over the previous year, with good performance in all regions.